Tesla has never made a profit. They had a couple quarters with a posted profit, but what average people forget to account for is that $60M of their quarterly revenue was from selling tax credits to other auto makers. Obviously not a sustainable business model, unless they sell a lot more vehicles.

The only problem with EV's is battery technology. Replacing a battery pack for $10,000 every 100k miles is simply not cost effective. Until that changes, EV's will never be as cheap as a gas car. Of course, if you can afford to pay $70,000 for a Tesla, you probably don't care. I'm an EE who used to work in the industry, but was laid off because my company only had 2 profitable quarters in it's 30 year history (due to gov grants).

I'm not saying don't buy Tesla stock. The stock market is a funny, and heavily manipulated thing. Tesla's own balance sheet reflects massive government influence. You just better do some research before you get involved.

I can also guarantee you that the entire extent of the OP's knowledge about electricity consists of little more than being able to turn on and of a light switch.

I'm not saying don't buy Tesla stock. The stock market is a funny, and heavily manipulated thing. Tesla's own balance sheet reflects massive government influence. You just better do some research before you get involved.

I can also guarantee you that the entire extent of the OP's knowledge about electricity consists of little more than being able to turn on and of a light switch.

This was meant to be an a-hole free thread. Obviously you haven't checked your email.

Tesla has never made a profit. They had a couple quarters with a posted profit, but what average people forget to account for is that $60M of their quarterly revenue was from selling tax credits to other auto makers. Obviously not a sustainable business model, unless they sell a lot more vehicles.

The only problem with EV's is battery technology. Replacing a battery pack for $10,000 every 100k miles is simply not cost effective. Until that changes, EV's will never be as cheap as a gas car. Of course, if you can afford to pay $70,000 for a Tesla, you probably don't care. I'm an EE who used to work in the industry, but was laid off because my company only had 2 profitable quarters in it's 30 year history (due to gov grants).

They said the same thing about Facebook. Tesla has hit the magic 200 mile per charge and they will be very profitable and soon.

Never go off forbes - it's a racket. Go to motley fools and get the real advise. Take your funds and find the best 15 - 25 performing stocks y-o-y for the past year, 3 year, and 5 year and invest those funds...eventually the new watermark yield will occur. Rinse and repeat every fall.